Deutsche Bank sharply increased its valuation of Spanish construction group ACS, lifting its target price by 61% and recommending the shares as a buy, giving a strong boost to the company’s recent stock rally.
JPMorgan analysts significantly raised their valuation assessments for ArcelorMittal and Acerinox, prompting investors to accelerate their positioning in both Spanish-listed steel companies on the Ibex index.
Repsol, the Spanish petroleum company, is distributing a dividend of 0.55 euros per share on July 8, 2026. The stock has appreciated 41.1% in 2026 and offers a dividend yield of approximately 5%, complemented by an active share repurchase program.
ArcelorMittal, ACS, and Repsol were the top performers of Spain’s Ibex 35 stock index in 2026, each gaining more than 40%, significantly outperforming the index’s overall gain of 8.42%.